Automotive Interior Market

Market Leaders : Automotive Interior Market

The global automotive interior market, by value, is estimated to be USD 157.4 billion in 2023 and is projected to reach USD 194.8 billion by 2028, at a CAGR of 4.4% from 2023 to 2028. In the near future, demand for automotive interior is expected  due rising customer preferences for comfort and luxury in vehicles.

The market for automotive interior is expected to experience significant growth due to various contributing factors. New technologies are being developed all the time, and these technologies are finding their way into automotive interiors. For example, infotainment systems, advanced driver assistance systems, and connectivity features are becoming increasingly common in automotive interiors. This is driving demand for automotive interiors that are equipped with these new technologies. Consumers are increasingly demanding more comfort and luxury in their vehicles. This is driving demand for automotive interiors with features such as heated and cooled seats, massage chairs, and premium sound systems. Advances in technology are enabling the development of new and innovative automotive interior solutions. For example, the use of 3D printing is enabling the creation of complex and lightweight automotive interior components. Such development will drive the automotive interior market in the forecast period.

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The automotive interior market is dominated by global players such as FORVIA Faurecia (France), Adient plc. (Ireland), Robert Bosch GmbH (Germany), Lear Corporation (US), and Antolin (Spain). These companies adopted new product launches, deals, and other strategies to gain traction in the automotive interior market.

FORVIA FAURECIA is a leading provider of automotive interiors, with a strong focus on sustainable materials and technologies. The company offers a wide range of products and services, including instrument panels, door panels, centre consoles, seats, and lighting systems. The company's strengths include its strong brand recognition, its global reach, and its focus on innovation. FORVIA FAURECIA is also a leader in the development of sustainable materials and technologies, which is an important trend in the automotive industry. As of 2022, Company has 300 industrial sites and 63 R&D centers, 150,000 people, including more than 35,000 engineers across 40+ countries.

Adient plc. is a leader in the automotive interior market, and it is well-positioned to continue to grow in the years to come. Adient's products include complete seating systems, components such as frames and mechanisms, foam, fabric, and other interior components. They serve a wide range of customers, from mass-market to luxury vehicle manufacturers, and have a significant presence in the global automotive industry. Adient plc. focuses on innovation and technology to provide comfortable, safe, and ergonomic seating solutions for vehicles. The company's focus on sustainable materials and technologies is a key strength, and it is helping to drive the growth of the market. In September 2022, Adient plc. was awarded the Automotive News PACE Award for Innovation in Sustainability. In March 2023, Adient plc. was named one of the World's Most Ethical Companies by Ethisphere Institute.

Robert Bosch GmbH is a leading global supplier of automotive components and services, industrial technology, consumer goods, and building technology. Bosch is committed to innovation and sustainability. The company invests heavily in research and development, and it is working to develop products and services that are more efficient and environmentally friendly. Bosch is also a leader in the field of connected mobility, and it is developing technologies that will help to make transportation safer, more efficient, and more sustainable. Bosch provides multimedia systems, displays, and other technologies that enhance the in-car entertainment and information experience. In Addition to this, Bosch offers connectivity solutions that enable seamless integration between smartphones, vehicles, and the cloud, facilitating features like navigation, remote diagnostics, and over-the-air updates.

Lear Corporation is an American multinational automotive supplier that designs, engineers, manufactures, and supplies automotive seating, electrical distribution systems and electronic components, and related products to automotive manufacturers worldwide. Lear's products are used in a wide range of vehicles, including cars, trucks, SUVs, and buses. The company's seating products include everything from seats themselves to seat belts and airbags. Lear's electrical distribution systems and electronic components include everything from wiring harnesses to electronic control units. Lear is a global company with a strong commitment to innovation. The company invests heavily in research and development, and it is working to develop new products and technologies that will meet the needs of future vehicles. Lear is also committed to sustainability, and it is working to reduce the environmental impact of its products and operations.

Antolin is a Spanish multinational automotive supplier that designs, engineers, manufactures, and supplies interior components and systems for passenger cars and light commercial vehicles. The company's focus on innovation and quality has allowed it to establish a strong presence in the automotive industry. They work closely with automakers to create customized interior solutions that enhance the comfort, aesthetics, and functionality of vehicles. Antolin produces overhead consoles, lighting modules, and other components for the interior roof area of vehicles. They also manufacture door panels, armrests, and integrated door modules that encompass multiple functions such as window controls, speakers, and storage compartments. In addition to this, Antolin designs and produces instrument panels, central consoles, and cockpits that house various controls, displays, and infotainment systems.

Related Reports:

Automotive Interior Market by Component (HUD, Door Panel, Dome Module, Seat, Headliner, Center Console, Center Stack & Others), Material Type, Level of Autonomy, Electric Vehicle, Passenger Car Class, ICE Vehicle Type and Region - Global Forecast to 2028

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Automotive Interior Market Size,  Share & Growth Report
Report Code
AT 3163
RI Published ON
3/8/2022
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